Spending

someone who receives something with a promise to return it or its equipment

• borrower

• credit

• foreclosures

• tax lien

businesses hired by lenders to pursue payments on debts that borrowers have not paid back according to the terms of the credit contract

• collection agency

• foreclosures

• credit score

• credit report

a person who is equally responsible for paying back debt under the credit terms

• co-signer

• foreclosures

• credit score

• credit report

refers to goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future rate

• credit

• foreclosures

• credit score

• credit report

a record of the borrower's past loans and credit-related transactions

• credit history

• foreclosures

• credit score

• credit report

agencies that create credit reports based on the information they receive from lenders regarding a borrower's account history with that lender. Sometime called credit bureaus.

• credit reporting agencies

• foreclosures

• credit score

• credit report

a record of a person's use of credit

• credit history

• foreclosures

• credit score

• credit report

a person or organization who makes funds available for others to borrow

• credit history

• foreclosures

• credit score

• lender

a yearly fee that may be charged for having a credit card

• annual fee

• balance transfers

• pre-approved

• schumer box

the cost of credit expressed as yearly interest rate

• annual percentage rate

• balance transfers

• pre-approved

• schumer box